Five drugmakers and distributors are offering $22 billion in cash as well as drugs and services they value at $28 billion to resolve lawsuits alleging the industry helped fuel the U.S. opioid crisis, two sources familiar with the matter told Reuters on Wednesday.
Global stocks barely moved on Thursday as soft U.S. retail sales data raised concerns about the health of the world's largest economy and risk of global recession, while sterling was volatile as negotiations on a Brexit deal continued.
WeWork owner, The We Company, has formed a special board committee to consider proposals for a $5 billion financing lifeline from its largest shareholder SoftBank Group Corp and its main lender JPMorgan Chase & Co , four people familiar with the matter said on Wednesday.
South Korea's Supreme Court on Thursday upheld a government decision to suspend Asiana Airlines' Incheon- San Francisco route for 45 days.
Citigroup Inc has named Peter Babej, the U.S. bank's global head of financial institutions group, as its new Asia Pacific chief executive officer, according to an internal memo seen by Reuters on Thursday.
The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he made disparaging remarks about women last week.
Oil prices eased on Thursday after industry data showed a larger-than-expected build-up in stocks in the United States, although losses were limited by comments by U.S. Treasury Secretary Steven Mnuchin on a U.S.-China trade deal.
A slew of Wall Street's top hedge fund managers shared their best ideas on Wednesday at the annual Sohn San Francisco Investment Conference.
Airbus has sold 10 A321neo aircraft to Chilean budget carrier Sky Airline, two industry sources said.
U.S. luxury department-store chain Barneys New York Inc has reached an agreement to sell its assets to brand developer Authentic Brands Group and investment bank B. Riley Financial Inc , according to a filing on Wednesday.
Planning on taking out a personal loan? You can trim your interest costs by doing a little bit of legwork before you sign up. What you should know.
South Korea's Supreme Court on Thursday upheld a government decision to suspend Asiana Airlines' Incheon-San Francisco route for 45 days, adding to the debt-ridden carrier's headaches as it battles rising competition and falling demand.
Asian stocks barely moved on Thursday as soft U.S. retail sales data raised fears about the health of the world's largest economy, sucking the steam out of a five-session rally, while hopes of a Brexit deal kept sterling volatile.
A number of Wall Street's rising hedge fund managers revealed their top stock picks at the annual Sohn San Francisco Investment Conference.
General Motors Co and the United Auto Workers union reached a tentative deal on Wednesday for a new four-year labor deal, moving closer to ending a costly month-long strike that shut down GM's most profitable factories in a test of wills over the future of U.S. auto industry jobs.